Barclays (LON:BARC) Given “Buy” Rating at Shore Capital

Barclays (LON:BARC)‘s stock had its “buy” rating reiterated by Shore Capital in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 209 ($2.73) target price on shares of Barclays in a research note on Monday, October 14th. Deutsche Bank restated a “buy” rating and issued a GBX 170 ($2.22) target price on shares of Barclays in a research note on Thursday, October 17th. JPMorgan Chase & Co. set a GBX 220 ($2.87) target price on Barclays and gave the stock a “buy” rating in a research note on Monday, October 14th. HSBC cut their target price on Barclays from GBX 220 ($2.87) to GBX 200 ($2.61) and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, UBS Group restated a “buy” rating and issued a GBX 190 ($2.48) target price (down previously from GBX 200 ($2.61)) on shares of Barclays in a research note on Friday, September 13th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 191.27 ($2.50).

Shares of LON BARC opened at GBX 171.36 ($2.24) on Friday. Barclays has a 52 week low of GBX 131.04 ($1.71) and a 52 week high of GBX 181 ($2.37). The business has a 50-day simple moving average of GBX 151.21 and a two-hundred day simple moving average of GBX 153.50. The company has a market cap of $29.47 billion and a P/E ratio of 9.57.

In other Barclays news, insider Nigel Higgins purchased 10,092 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of GBX 153 ($2.00) per share, for a total transaction of £15,440.76 ($20,176.09).

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (LON:BARC)

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